echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Organic Chemistry Topics > Organic Chemistry Project > The reform of state-owned enterprises accelerates the restructuring of the petrochemical industry

    The reform of state-owned enterprises accelerates the restructuring of the petrochemical industry

    • Last Update: 2022-02-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Since entering the second half of the year, the reform of state-owned enterprises has started a comprehensive acceleration mode
    .
    In addition to accelerating the pace of reorganization at the group level, the recently released "Guiding Opinions on Promoting the Restructuring and Reorganization of Central Enterprises" has pushed the reform process of state-owned enterprises to a new climax
    .
    After a few days, the General Office of the State Council reissued the "Guiding Opinions on the Structural Adjustment of the Petrochemical Industry to Promote Transformation and Increase Benefits" (hereinafter referred to as the "Opinions"), aiming to deploy the restructuring and transformation and upgrading of the petrochemical industry
    .
    Li Jin, vice president of the China Enterprise Reform and Development Research Association, said in an interview that the petrochemical industry is an important pillar industry in the national economy and plays an important role in stabilizing economic growth and improving people's lives
    .
    However, it should also be noted that the current petrochemical industry has such problems as production capacity, irrational industrial layout, and weak independent innovation capabilities, which severely restrict the overall transformation and upgrading of the petrochemical industry
    .
    In this regard, the "Opinions" pointed out that it is necessary to promote supply-side structural reforms, actively explore the market, adhere to innovation-driven, improve the development environment, focus on reducing production capacity, reducing consumption, reducing emissions, making up for shortcomings, adjusting layout, promoting safety, and promoting petrochemicals.
    Industrial quality and efficiency, transformation and upgrading, and healthy development
    .
    The reporter combed and found that the "Opinions" set a total of four goals, namely, the requirements to optimize the production capacity structure, rational industrial layout, comprehensively promote green development, enhance innovation capabilities, four goals and seven tasks
    .
    Among the seven major tasks, capacity reduction is listed as the top position
    .
    In an interview with reporters, Shen Meng, executive director of Chanson Capital, said that the petrochemical industry is also an industry with overcapacity in China, and there is also a need for structural adjustment
    .
    As the downstream extended industrial chain of the petrochemical industry is long, and the market demand for some high value-added petrochemical products is great, there is more room for transformation and upgrading of the petrochemical industry
    .
    The "Opinions" stated that it is necessary to promote corporate mergers and reorganizations
    .
    Implement support policies such as fiscal, taxation, finance, land, and employee placement, remove institutional and institutional barriers to cross-regional and cross-ownership mergers and reorganizations, and create a fair market environment for corporate mergers and reorganizations; strengthen international production capacity cooperation
    .
    Li Jin believes that the release of the "Opinions" will greatly accelerate the restructuring and reorganization of the petrochemical industry.
    Among the many reorganization methods, it is expected that mergers and reorganizations, that is, the method of large companies merging small companies, will become the main method
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.